Replies to post #17096 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

I'm surprised by the strength in NG lately .... back up to $3.27/mcf today .... cool weather forecasts anticipate more late season heating demand, but if the cool weather pattern persists into June it will be bad news for cooling demand and consumption. I think fair value is closer to $3/mcf.